Although Informal Investors or "Business Angels" are prone to take quick decision and apply a less formal investment process than Venture Capital funds, it is a good idea to start with writing a Business Plan. For details on how to prepare such a Business Plan, you can usefully refer to the section on How to approach Venture Capital.
The INNOVATION/SMEs Programme has published a number of practical guides on sources for Financing Innovation and on How to Prepare a Technology Business Plan. These can be ordered from the publications section.
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